supply and demand is enough to explain low prices. Last year there was a bumper crop and this year all signs point to record harvests (which are starting and so change is almost imposible).
tarrifs are not helping, but they have at most a tiny effect, the harvest is the big factor here.
The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.
The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.
The article doesn’t say that trade disputes drove the low prices, but that the trade disputes on top of the low prices is harming farmers. They seem to think it’s a significant factor.
supply and demand is enough to explain low prices. Last year there was a bumper crop and this year all signs point to record harvests (which are starting and so change is almost imposible).
tarrifs are not helping, but they have at most a tiny effect, the harvest is the big factor here.
The US government used to buy something like 10% of the entire US wheat harvest for international aid programs. Losing this, combined with a collapse in soy bean exports, are causing prices to fall.
The article is about corn and soybeans. there is very little overlap with wheat farmers since there is typically a lot more money in corn+soybeans. You grow wheat because your climate cannot grow corn.
This article, however, is not about tariffs.
Trade dispute of any form - it isn’t a significant factor.
The article doesn’t say that trade disputes drove the low prices, but that the trade disputes on top of the low prices is harming farmers. They seem to think it’s a significant factor.